Nasdaq, S&P open higher as chips, megacaps rebound

July 18 (Reuters) - The Nasdaq and the S&P 500 rose at the open on Thursday, as megacaps regained ground and an upbeat forecast from Taiwan Semiconductor Manufacturing helped chip stocks recover from a sharp sell-off in the previous session.

The Dow Jones Industrial Average (.DJI), opens new tab fell 41.52 points, or 0.10%, at the open to 41,156.56.

The S&P 500 (.SPX), opens new tab opened higher by 20.29 points, or 0.36%, at 5,608.56, while the Nasdaq Composite (.IXIC), opens new tab gained 122.23 points, or 0.68%, to 18,119.15 at the opening bell.

Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai

Reuters

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Nasdaq, S&P open higher as chips, megacaps rebound

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